Individuals

Follow our simple checklist and make sure you are prepared for this year's tax return.

Follow our simple checklist and make sure you are prepared for this year's individual tax return.

Financial guidance you can trust. MoneySmart is run by the Australian Securities and Investments Commission (ASIC) to help people make the most of their money. ASIC's MoneySmart is for all Australians – young or old, rich or poor, investing or paying off debt. MoneySmart offers free, independent guidance so you can make the most of your money, and is not selling you anything.

The Australian tax system offers a range of tax benefits including credits, refunds and offsets to support families.

A tax file number (TFN) is a unique nine-digit number we issue to individuals and organisations to help us administer tax and other Australian Government systems.

When you're starting a new job you have specific rights and obligations beginning with completion of a Tax file number declaration.

Information on tax regarding you income and deductions.

To understand your tax situation, you must first work out whether you are an Australian resident for tax purposes.

You lodge a tax return each year to tell us your annual income so we can work out how much tax is payable.

You can only make tax deductible gifts or donations to certain organisations. These organisations are called deductible gift recipients (DGRs).

To obtain an exemption from the Medicare levy if you are ineligible for Medicare complete this form.

A wide range of calculators for individuals regarding tax.

You can claim expenses relating to your rental property but only for the period your property was rented or available for rent; for example, advertised for rent.

This information is for individual taxpayers but not companies, partnerships or trusts. It explains what happens after you lodge your tax return.